- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
SJVN Limited reported significant financial outcomes for the period ending December 31, 2024. The income from operations reached ₹62,502 lakh for the quarter and ₹2,45,126 lakh for the nine months, showcasing a robust growth compared to previous periods. Other income totaled ₹7,463 lakh for the quarter and ₹22,821 lakh for the nine months, mainly driven by interest income and penalties.
Expenses rose to ₹52,042 lakh for the quarter, with notable contributions from finance costs of ₹20,486 lakh and employee benefits of ₹7,851 lakh. Consequently, the profit before tax stood at ₹17,923 lakh for the quarter. The Board declared an interim dividend of ₹1.15 per share, to be paid starting March 6, 2025, underlining the company's commitment to return value to shareholders.
In terms of operational capacity, SJVN has increased its stake in Cross Border Power Transmission Company from 26% to 41.94%, signaling strategic growth. The company continues to sustain a positive outlook with strong financial metrics and growth initiatives in play, making it a stock that investors should watch closely.